Vontier Co. (NYSE:VNT) Stock Holdings Lowered by Private Management Group Inc.

Private Management Group Inc. trimmed its holdings in shares of Vontier Co. (NYSE:VNT) by 36.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 764,005 shares of the company’s stock after selling 430,565 shares during the period. Private Management Group Inc. owned about 0.50% of Vontier worth $26,396,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. acquired a new stake in shares of Vontier during the 4th quarter valued at $3,662,000. Assenagon Asset Management S.A. acquired a new position in shares of Vontier in the 4th quarter valued at $2,192,000. Mutual of America Capital Management LLC increased its stake in Vontier by 71.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after purchasing an additional 71,515 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Vontier by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after purchasing an additional 25,632 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new stake in Vontier during the 4th quarter worth about $900,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Up 1.4 %

NYSE VNT traded up $0.56 on Tuesday, reaching $40.74. The stock had a trading volume of 554,206 shares, compared to its average volume of 773,042. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Vontier Co. has a 1 year low of $26.23 and a 1 year high of $45.62. The business has a 50 day moving average price of $42.63 and a 200 day moving average price of $36.71. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.17 and a beta of 1.31.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $780.92 million. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. On average, analysts forecast that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is presently 4.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VNT shares. Argus lifted their target price on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $40.00 in a report on Thursday, January 11th. UBS Group lifted their price target on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 16th. The Goldman Sachs Group upped their price target on Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.